03-22-99 Council Meeting Minutes

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REGULAR MEETING RESOLUTIONS MARCH 22, 1999 BILL NO. 99 -11 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING REISSUANCE OF NOT TO EXCEED $12,920,485.00 MULTIFAMILY HOUSING REVENUE REFUNDING BONDS (THE POINTS AT ST. JOSEPH PROJECT), REISSUANCE OF 1999, SERIES A, B AND C, AND MAKING CERTAIN OTHER FINDINGS AND DETERMINATIONS RELATIVE TO THE PROJECT Council Member Kelly made a motion to strike this resolution, at the request of the petitioner, seconded by Council Member Varner. The motion carried. RESOLUTION NO. 2714-99 RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1400 RIVERSIDE DRIVE, SOUTH BEND, INDIANA TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR STEEL WAREHOUSE CO., INC. Whereas, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and Whereas, a Declaratory Resolution designated the area commonly known as 1400 Riverside Drive, and which is more particularly described as follows: Beginning at the southeast corner of the southwest 1/4 of said Section 35, thence south 89 49'52" west (bearing assumed) along the South line of said section, 308.97 feet, thence north 89 55'00" west, 116.24 feet; thence north 00 00'27" west, 12.00 feet to the north line of a 12 foot alley; thence north 89 55'00" west along said north line of alley, 236.61 feet to a point 120.00 feet south 89 55' 00" east of the east line of Kessler Boulevard, 128.00 feet to a point on the south line of King street, 180.00 feet south 89 55' 18" east of the northeast corner of Lot 10 as shown on the second plat of northwest addition to the city of South Bend recorded April 6, 1906 in Plat Book 0, pages 30 and 31; thence south 89 55' 18" east along the south line of King Street, 352.84 feet; thence North 00 00'27" West, 194.85 feet to a point on the centerline of the east and west 14 foot alley between King Street and McCartney Street produced east; thence north 00 06' 09" east, 128.81 feet; thence north 89 46'49" east 287.05 feet to the westerly line of Riverside Drive; thence south 16 37'15" west along a chord subtending said westerly line of Riverside Drive, 455.43 feet to the south line of said section 35; thence north 90 00'00" west along said south line, 156.71 feet to the point of the beginning. Commencing at the southeast corner of the southwest 1/4 of said Section 35, thence north 00 00' 30" west (bearing assumed) along the east line of said southwest 1/4 a distance of 463.14 feet to the point of beginning for the following described tract; thence continuing north 00 00' 30" west along said east line 336.00 feet to the south line of Queen Street; thence south 89 56' 09" west along said south line of Queen Street 176.60 feet; thence north 00 02'36" east 195.00 feet to the centerline of the east and west 14 foot alley between Kinyon Street and Queen Street; thence 8